S&P 500 Slips on Oil; Chip Stocks Rise Pre-Earnings
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- S&P 500 closed slightly lower on Monday, weighed down by rising oil prices as U.S.-Iran tensions jostled markets
- Chip stocks rose while the Dow, S&P 500, and Nasdaq traded mixed, with investors positioned ahead of upcoming Big Tech earnings
Why it matters: The S&P 500's slight Monday decline — driven by rising oil prices as U.S.-Iran tensions roiled markets — was partially offset by chip-stock gains, illustrating how geopolitical risk and earnings anticipation are competing forces heading into Big Tech reports this week.
